For Sale
$650,000

523 Nevada AveColorado Springs, CO 80903

Prime Medical Office, High Visibility, $650K

Overview

Added:
Dec 11, 2024
Days on market:
117
This 5,583 square foot medical office building in Colorado Springs, CO, is situated on a 0.22-acre lot and offers excellent visibility from Nevada Avenue. Built in 1963, the Class C property features 3,876 square feet of net rentable space, divided into two units, each with one bedroom and one bathroom. One unit is currently leased for $1,000 per month, while the other is vacant. The building includes a reception area, waiting room, two restrooms, and a 1,707 square foot basement. Additional amenities include a 1,224 square foot space plus a one-car garage, ample parking (3.14 spaces per 1,000 square feet) with additional street parking, and 600 AMP power. The property is zoned OR and is ideally suited for medical or general office use. Its location just north of downtown Colorado Springs provides easy access to various amenities and services. The asking price is $650,000, representing a price per square foot of $167.70. This presents a compelling investment opportunity with potential for increased rental income.

Highlights

  • 2,652 SF building.
  • Reception and waiting areas.
  • Two restrooms.
  • Existing dental office buildout.
  • 1,707 SF basement.
  • 3.14 parking spaces per 1,000 SF, plus street parking.

Property Details for 523 Nevada Ave

Property type
Office properties, Medical offices
Square Feet
5,583 SF
Class
C
Year Built
1963
Buildings
1
Stories
1
Lot Size (sq. ft)
9,583 SF
Units
2

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8417692
Longitude
-104.8208608
523 Nevada Ave, Colorado Springs, Colorado

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523 Nevada Ave
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